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Business - Page 127

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

The Nigerian Exchange Limited (NGX) said the market capitalisation for the stock market increased to N95.52 trillion on Wednesday, December 17, from the N95.28 trillion posted on Tuesday, December 16, representing a N244.61 billion gain. About 383.71 basis points were added to

December 17, 2025

NGX Set To Lose N60bn As MRS Oil Nigeria Plc Plans To Delist Shares

Business·Markets·News

Nigeria’s Equity Market Posts N497bn Gain, Rebounds From Losses

The Nigerian equity market staged a remarkable recovery on Friday, gaining ₦497 billion in market capitalisation after two consecutive losses. Investors welcomed the rebound as share prices of key stocks surged, boosting market sentiment. “We are seeing the market bounce back strongly

January 25, 2025

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Markets·News

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th January 2025

What is the Dollar to Naira Exchange rate at the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market also known as black market, especially the Aboki Fx as

January 24, 2025

Nigerian Govt Yet To Address Real Drivers Of Inflation – CPPE

Business·FEATURES·News

Economic Survival: Why Inflation Could Make Or Break Nigeria

In the bustling streets of Lagos, vendors hawk goods at prices that seem to climb daily. Inflation, now at 34.80%, has become a relentless force threatening the stability of Nigeria’s economy. For many Nigerians, the rising cost of living is no longer

January 24, 2025

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Nigeria’s Equity Market Records 0.05% Decline, Investors Await Catalysts

The Nigerian equity market closed negative on Thursday, reflecting a 0.05% decrease. This drop followed Wednesday’s decline, pushing the year-to-date (YTD) negative return further to 0.13%. Vetiva Research analysts commented on the market performance, stating, “We foresee no catalyst on the horizon

January 24, 2025

Inflation: Why 13 million more Nigerians Are At Risk Of Falling Below Poverty Line In 2025 – Report

Business·News

Inflation: Why 13 million more Nigerians Are At Risk Of Falling Below Poverty Line – Report

Nigeria’s rising inflation, high interest rates, and naira depreciation could drive 13 million more Nigerians below the poverty line by 2025, according to a new report by PricewaterhouseCoopers International Limited (PwC). The report, titled “2025 Nigerian Budget and Economic Outlook,” warns that

January 24, 2025

Business

MAN Laments Impact Of High Energy Cost, Naira Depreciation On Business

Manufacturers Association of Nigeria (MAN) has lamented the impact of high energy cost, depreciation of naira and inflation on their business operations. Inflation rate has been on a steady surge reaching a 28-year high of 34.8 per cent in December 2024. The

January 23, 2025

Business

Savannah Energy Records 35% Total Income Growth In 2024

Savannah Energy, a British independent energy company, has released its 2024 unaudited financial record, revealing 35 per cent growth in total income. The update covers its business activities in Nigerian and other African markets. Total Income Growth According to a statement shared

January 23, 2025

Dangote Petrol Price Cut: We Expected Lower Price – Nigerians

Business·News·Oil & Gas

Increase In Pump Price Not From Us- Dangote Refinery

Dangote Petroleum Refinery has explained that the recent increase in the ex-depot price of Premium Motor Spirit (PMS) is due to the rise in global crude oil prices. The company emphasised that this adjustment is a direct result of higher costs for

January 23, 2025

Business·News

CBN Urges Businesses To Leverage Weak Naira For Export Growth

The Deputy Governor of Economic Policy at the Central Bank of Nigeria (CBN), Muhammad Abdullahi, has called on Nigerian businesses to embrace export-oriented strategies to harness the opportunities presented by the weak naira. Speaking on Tuesday at the 11th National Economic Outlook

January 23, 2025

Business·Markets·News

Nigeria’s Equity Market Dips By 0.29% As Profit-Taking Persists

Nigeria’s equity market declined by 0.29% on Wednesday, losing N185 billion, driven by profit-taking activities in key stocks. At the Nigerian Exchange Limited (NGX), the All-Share Index (ASI) fell to 102,836.13 points, down from 103,137.99 points. The market capitalisation also dropped from

January 23, 2025

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Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

SEC Orders Full Registration of Tradable Instruments by January 2026

The Securities and Exchange Commission (SEC) has ordered all Capital

UK Targets Sugary Milk Drinks as Government Tightens Health Levy

The UK Labour government has expanded its existing sugar tax

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Business - Page 127

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

Nigeria’s Equity Market Posts N497bn Gain, Rebounds From Losses

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th January 2025

Economic Survival: Why Inflation Could Make Or Break Nigeria

Nigeria’s Equity Market Records 0.05% Decline, Investors Await Catalysts

Inflation: Why 13 million more Nigerians Are At Risk Of Falling Below Poverty Line – Report

MAN Laments Impact Of High Energy Cost, Naira Depreciation On Business

Savannah Energy Records 35% Total Income Growth In 2024

Increase In Pump Price Not From Us- Dangote Refinery

CBN Urges Businesses To Leverage Weak Naira For Export Growth

Nigeria’s Equity Market Dips By 0.29% As Profit-Taking Persists

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UK Targets Sugary Milk Drinks as Government Tightens Health Levy

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Business - Page 127

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